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Daily Dispatches
As Swiss devalue their franc, gold may be last currency standing
Submitted by cpowell on Tue, 2011-09-06 16:30 Section: Daily DispatchesAnother Reason to Buy Gold: Franc Losing Safety Status
By Jeff Cox
CNBC.com
Tuesday, September 6, 2011
http://www.cnbc.com/id/44410858
Just as talk had begun to intensify about a gold bubble building, the metal got another boost today when the Swiss National Bank announced measures to decrease the value of the franc.
GLD trading today at a 2 percent discount to gold
Submitted by cpowell on Tue, 2011-09-06 13:41 Section: Daily Dispatches1:40p ET Tuesday, September 6, 2011
Dear Friend of GATA and Gold:
Asian exchange will kill London shorts, Andrew Maguire tells King World News
Submitted by cpowell on Tue, 2011-09-06 12:10 Section: Daily Dispatches12:08p ET Tuesday, September 6, 2011
Dear Friend of GATA and Gold (and Silver):
Today's intervention against gold was as brazen as the intervention against the Swiss franc
Submitted by cpowell on Tue, 2011-09-06 11:46 Section: Daily DispatchesBut no central bank acknowledged the intervention against gold. It is still a covert action in the currency war. At least the currency war itself is starting to be acknowledged.
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Swiss Draw Line in the Sand to Cap Runaway Franc
By Emma Thomasson and Catherine Bosley
Reuters
Tuesday, September 6, 2011
More Beijing embassy cables show China sees gold as central in currency war
Submitted by cpowell on Mon, 2011-09-05 20:58 Section: Daily Dispatches9:17p ET Monday, September 5, 2011
Dear Friend of GATA and Gold:
More news media-monitoring cables from the U.S. Embassy in Beijing to the State Department in Washington show that both China's government and the nation's financial press, tightly controlled by the government, consider gold to be the main weapon in a world currency war that is under way.
Historic event as gold surges while stock markets tumble, Turk tells King World News
Submitted by cpowell on Mon, 2011-09-05 13:06 Section: Daily Dispatches1p ET Monday, September 5, 2011
Dear Friend of GATA and Gold:
Murphy's 'Midas' commentary notes GATA's long emphasis on China
Submitted by cpowell on Sun, 2011-09-04 21:50 Section: Daily Dispatches9:46p ET Sunday, September 4, 2011
Dear Friend of GATA and Gold:
Hugo Salinas Price's presentation to GATA's London conference
Submitted by cpowell on Sun, 2011-09-04 17:20 Section: Daily Dispatches5:22p ET Sunday, September 4, 2011
Dear Friend of GATA and Gold (and Silver):
Antal Fekete outlines the gold-suppression, bond-support scheme
Submitted by cpowell on Sun, 2011-09-04 16:47 Section: Daily Dispatches4:40p ET Sunday, September 4, 2011
Dear Friend of GATA and Gold:
In a two-part essay posted at 24hGold, the economist Antal Fekete provides a compelling interpretation of the gold price suppression scheme, which is also a scheme for the support of U.S. government bonds. Fekete writes:
"The government has the following desiderata:
"1) To have a floor below the bond price.
Is GATA suddenly becoming almost respectable?
Submitted by cpowell on Sun, 2011-09-04 12:51 Section: Daily Dispatches1:02p ET Sunday, September 4, 2011
Dear Friend of GATA and Gold:
Thanks to a friend met in London just after GATA's Gold Rush 2011 conference there last month, your secretary/treasurer has been invited to affect some respectability and speak at a couple of financial conferences well outside the usual precious metals circuit.
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